Browsing: mergers and acquisitions

As Washington shifts, insurance agency owners should consider how political changes, including interest rates, regulations, and tax policies, will affect mergers and acquisitions (M&A) this year.

A consortium of insurers and asset managers, led by Allianz SE, has agreed to acquire Viridium, a leading European life insurance consolidator. The deal is valued at approximately EUR 3.5 billion.

Cinven has agreed to sell Viridium Group, a leading life insurance consolidator, to a consortium including Allianz, BlackRock, and other major financial entities. The deal reflects Cinven’s success in building Viridium into a prominent player in the European life insurance market.

British insurance broker Howden is close to acquiring US-based Risk Strategies, a move that could lead to a stock market listing.

Meiji Yasuda Life Insurance Company is acquiring Legal & General’s U.S. protection business, advised by Debevoise & Plimpton and Linklaters.

Arthur J. Gallagher & Co. has acquired the remaining shares of Philpacific Insurance Brokers & Managers, Inc. (Philinsure), a commercial insurance and reinsurance broker based in the Philippines.

Private equity firm Hellman & Friedman is exploring options for Hub International, potentially valuing the insurance brokerage at $30 billion, while also considering a potential listing for another portfolio company, Verisure.

World Insurance Associates has acquired Archambault Insurance Associates, expanding its presence in the Northeast. The terms of the deal were undisclosed.

PIB Group acquires Litica, a Managing General Agent (MGA), to strengthen its position in the litigation insurance sector.

Hub International Limited has acquired C&L Marine Insurance, strengthening its marine insurance offerings in Florida. Key industry trends and future growth projections are also covered.